Turning Down
Our Pivot: 112.55
Our Preference: Start short selling WTI below 111.62 with strict stop loss of 112.55 and profit target at 110.55 with extension towards 109.85.
Alternate Scenario: Upward penetration of 112.55 will call for 114.
NOTE: WTI have given bearish breakout of its ascending wedge.
Chart with supports & resistances:
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